$ETH able to hold above the highlighted zone to push us back above 200EMA and eventually long-term trendline + buffer.
From here we could expect continuation to either 1900 or orange trendline before the next major resistance test.
The good news in this situation is that price re-broke 1800 to assist in preventing a second-bottom scenario, although still possible as with anything in this market.
Any dip (close) below 1800 or long-term trendline could signal reversal, however extending past crossover could be beneficial for future growth.
From here we could expect continuation to either 1900 or orange trendline before the next major resistance test.
The good news in this situation is that price re-broke 1800 to assist in preventing a second-bottom scenario, although still possible as with anything in this market.
Any dip (close) below 1800 or long-term trendline could signal reversal, however extending past crossover could be beneficial for future growth.
